4 ms·

Yeah because retail investors should do more with their money - not. There's a reason these industries are hard and should be hard - these are serious industri

Yeah because retail investors should do more with their money - not. There's a reason these industries are hard and should be hard - these are serious industries with serious consequences. Health care - screw it up and you kill someone. Drones - screw it up and you kill someone. Cars - screw it up and you kill someone. Finance - screw it up and you lose the retirement savings of your investors. These are not games to be played by unsophisticated people or green entrepreneurs. This does not mean that the extant incumbents are any good - it merely means that new players does not automatically confer innovation goodness (see natural monopolies/booms).

marshallp 14y ago
The argument you're making is in favor of my argument of regulating HFT (I want a limit to daily or weekly trade, others want more taxation). As to regulation on healthcare/drones/cars etc. things aren't perfect, that's all I'm saying. I think things are too restrictive right now, I'm not arguing for abolition of all regulations. edit: Yes, retail investors should be trading more. That's the idea behind the recent rise in crowdfunding. Innovation happens a lot faster in small c capitalism than in big C capitalism.
- confluence 14y ago
  Crowdfunding will be the core of the next tech bubble peaking ~2016-2018 - run on afterburner with the success of product pre-purchase launches (irrelevant to investment), the aggressive lobbying of VCs, the credulity/unsophistication of most investors and the passing of the JOBS act combined with the cycling of alpha searching global credit saturating the niche industry known as Silicon Valley. But I'll gladly take part and take people's money while the times are good. I don't particularly care either way - I make money no matter what the market.
- Evbn 14y ago
  Your persistent mistake is in confusing trading with investing.
  - marshallp 14y ago
    There isn't a clear difference as you're making out. What is the clear-cut line between them?

marshallp 14y ago

The argument you're making is in favor of my argument of regulating HFT (I want a limit to daily or weekly trade, others want more taxation). As to regulation on healthcare/drones/cars etc. things aren't perfect, that's all I'm saying. I think things are too restrictive right now, I'm not arguing for abolition of all regulations. edit: Yes, retail investors should be trading more. That's the idea behind the recent rise in crowdfunding. Innovation happens a lot faster in small c capitalism than in big C capitalism.

confluence 14y ago
Crowdfunding will be the core of the next tech bubble peaking ~2016-2018 - run on afterburner with the success of product pre-purchase launches (irrelevant to investment), the aggressive lobbying of VCs, the credulity/unsophistication of most investors and the passing of the JOBS act combined with the cycling of alpha searching global credit saturating the niche industry known as Silicon Valley. But I'll gladly take part and take people's money while the times are good. I don't particularly care either way - I make money no matter what the market.
Evbn 14y ago
Your persistent mistake is in confusing trading with investing.
- marshallp 14y ago
  There isn't a clear difference as you're making out. What is the clear-cut line between them?